0cpt scanner (paper2) appendix dec 09

8/6/2019 0CPT Scanner (Paper2) Appendix Dec 09

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CPT Abridged Scanner : (Paper 2) Mercantile Laws 7

(c) Actionable claims

(d) All of the above

[16] Can a hirer pass a good title to a bonafide

purchaser?

(a) Yes, hirer can pass a good title to a bonafide

purchaser

(b) Yes, provided the vendor agrees to it.(c) Yes, if he receives full consideration.

(d) No, hirer cannot pass a good title even to a

bonafide purchaser.

[17] In an agreement to sell:

(a) Property passes to the buyer

(b) Property does not pass to the buyer

(c) Possession passes to the buyer

(d) None of the above

[18] The object of Sale is:

(a) To pass the possession of the goods.

(b) To pass the property of the goods.

(c) Both (a) & (b)


[19] In case of hire-purchase, the hirer

(a) Must return back the goods.

(b) Has an option to buy the goods.

(c) Must buy the goods.

(d) Does not have the possession of goods.

[20] The essential element of Sales of Goods is:

(a) Promise to produce

(b) Price

(c) Transfer of possession

(d) None of these.

Unit 2 : Conditions and Warranties

2009 December

[21] A condition is:(a) Not essential to the main purpose of the

contract

(b) Essential to the main purpose of the contract

(c) A stipulation collateral to the main purpose of

the contract

(d) None of these.

Unit 3 : Transfer of Onership and delivery of

Goods

2009 December

[22] When does the property of the specific goods in a

deliverable state, passes?

(a) When payment is made

(b) When possession is transferred.(c) When contract is made

(d) When the notice is given to the buyer

[23] If the buyer has received lesser quantity of goods

than agreed, then he may:

(a) Accept the goods & pay at contract rate.

(b) Reject the goods.

(c) Accept the goods but pay the whole price.

(d) Either (a) or (b).

[24] A sells certain goods to B. After the contract of

sale but before the goods were delivered to B, the

goods were taken by the Government for its own

use. Here the seller is:

(a) A

(b) B

(c) Both

(d) None

[25] When the buyer and seller both reject the goodsand the goods are in transit, then

(a) It is deemed that the goods are still in transit.

(b) Transit is deemed to be ended.

(c) Carrier becomes the owner of the goods.

(d) None of these.

[26] Finder of Goods can sue the true owner of the

goods for the:

(a) Expenses incurred in finding the true owner.

(b) Expenses incurred in preserving the goods.

(c) Reward announced by the owner if he had the

knowledge of the reward.

(d) All of the above.

Unit 4 : Unpaid Seller2009 December

[27] Unpaid Seller has a right of _________ when the

goods have not been delivered to the buyer or his

agent.

(a) Lien

(b) Stoppage in transit

(c) Resale


[28] Which of the following is a right of an unpaid

seller?

(a) Right of Lien

(b) Right of Stoppage in transit

(c) Both (a) & (b)(d) None of these

[29] If in an Auction Sale, Auctioneer mistakenly falls

the hammer for price less than the Reserve price,

Auctioneer is:

(a) Bound by auction

(b) Not bound by auction

(c) Both (a) & (b)

(d) Liable for damages

Chapter 3 : The Indian Partnership Act, 1932

Unit 1 : General Nature of a Partnership

2009 December

[30] Partnership cannot be formed between

(a) Two artificial persons

(b) Naturally born and artificial persons

(c) Between two naturally born persons

(d) None of the above.

[31] A partner who contributes capital in the firm but

does not actively participates in the working of the

business is called:

(a) Active Partner

(b) Dormant Partner


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8 CPT Abridged Scanner : (Paper 2) Mercantile Laws

(c) Sub-Partner

(d) Nominal Partner

[32] Interest on capital will be allowed only when:

(a) There are heavy losses in the firm

(b) There are no profits and no losses

(c) There are profits

(d) Always[33] What is a Partnership?

(a) An agreement between persons

(b) An association of persons

(c) A body of Individuals

(d) All of the above

[34] If profit sharing ratio is not specified in the

partnership deed, then the profit is shared:

(a) Equally

(b) According to the seniority of partners

(c) According to the capital contribution

(d) According to qualification.

Unit 2 : The Indian Partnership Act, 1932

2009 December[35] Share in Partnership can be transferred by consent

of ______the partners.(a) All

(b) Majority

(c) No consent required

(d) None of these

[36] Partnership property vests in the:

(a) Partners of the firm

(b) Firm itself

(c) Senior partner of the firm

(d) Solicitor General of India.

Unit 3 : Registration & Dissolution of a Firm

2009 December

[37] A non-registered firm can claim a set off of an

amount not exceeding:

(a) Rs. 100

(b) Rs. 1,000

(c) Rs. 10,000

(c) Any amount

[38] A partnership firm is compulsorily dissolved

where:

(a) All Partners have become Insolvent

(b) Firms business has become unlawful

(c) The fixed term has expired

(d) In case (a) & (b) only

[39] ABC is a registered firm. C died on 30th June. A

and B sue X in the name of ABC. What is the

consequence?

(a) The suit cannot be maintained.

(b) The suit can be maintained.

(c) The suit can be maintained when the firm isfreshly registered

(d) None of the above.

[40] If any mistake has been done in the Register of

firms then application for rectification can be

given:

(a) By active partner

(b) By majority of the partners

(c) By consent of one partner

(d) By consent of all the partners

Answer

1. (d) 2. (b) 3. (d) 4. (a)

5. (b) 6. (a) 7. (a) 8. (a)

9. (b) 10. (a) 11. (b) 12. (b)

13. (b) 14. (a) 15. (c) 16. (d)

17. (b) 18. (b) 19. (b) 20. (b)

21. (b) 22. (c) 23. (d) 24. (b)

25. (a) 26. (d) 27. (a) 28. (c)

29. (b) 30. (d) 31. (b) 32. (c)

33. (a) 34. (a) 35. (a) 36. (b)

37. (a) 38. (d) 39. (b) 40. (d)

0cpt scanner (paper2) appendix dec 09

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